- Issuer
- Fidelity
- Inception Date
- Nov 19, 2024
- Category
- Emerging Markets Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Highlights
- Avg. Volume (1M)
- 47K
- Avg. Volume Value (1M)
- $1.90M
Share Price Chart
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Performance
FEMR Performance Chart
Fidelity Enhanced Emerging Markets ETF (FEMR) is up 22.2% since the beginning of the year. FEMR is currently trading at $39 per share.
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Returns By Period
Fidelity Enhanced Emerging Markets ETF (FEMR) has returned 22.16% so far this year and 43.13% over the past 12 months.
Fidelity Enhanced Emerging Markets ETF
- 1D
- 1.39%
- 1M
- -3.19%
- 6M
- 11.47%
- YTD
- 22.16%
- 1Y
- 43.13%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 33.45%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
FEMR Monthly Returns History
Based on dividend-adjusted daily data since Nov 21, 2024, FEMR's average daily return is +0.13%, while the average monthly return is +2.49%. At this rate, an investment would double in approximately 2.3 years.
Historically, 76% of months were positive and 24% were negative. The best month was Apr 2026 with a return of +14.0%, while the worst month was Mar 2026 at -10.3%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 2 months.
On a daily basis, FEMR closed higher 55% of trading days. The best single day was Apr 8, 2026 with a return of +7.0%, while the worst single day was Jun 5, 2026 at -6.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 9.59% | 6.95% | -10.27% | 14.01% | 9.11% | 0.83% | -7.40% | 22.16% | |||||
| 2025 | 1.80% | 1.44% | 1.07% | 0.20% | 4.94% | 6.17% | 0.10% | 3.05% | 6.96% | 3.70% | -2.00% | 3.57% | 35.27% |
| 2024 | -0.65% | -0.83% | -1.48% |
Benchmark Metrics
Fidelity Enhanced Emerging Markets ETF has an annualized alpha of 18.63%, beta of 0.95, and R2 of 0.48 versus S&P 500 Index. Calculated based on daily prices since November 21, 2024.
- This ETF captured 140.05% of S&P 500 Index gains but only 33.73% of its losses - a favorable profile for investors.
- R2 of 0.48 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 18.63%
- Beta
- 0.95
- R²
- 0.48
- Upside Capture
- 140.05%
- Downside Capture
- 33.73%
Expense Ratio
FEMR has an expense ratio of 0.38%, placing it in the medium range.
Return for Risk
Risk / Return Rank
FEMR ranks 71 for risk / return — above 71% of ETFs peers on PortfoliosLab. Its historical combined result is above most peers.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Fidelity Enhanced Emerging Markets ETF (FEMR) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FEMR | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.23 | ||
| Sortino ratioReturn per unit of downside risk | +0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.25 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.71 | 2.00 | +0.70 |
| Martin ratioReturn relative to average drawdown | 8.58 | 8.49 | +0.09 |
Dividends
Dividend History
Fidelity Enhanced Emerging Markets ETF provided a 1.56% dividend yield over the last twelve months, with an annual payout of $0.62 per share.
| Period | TTM | 2025 | 2024 |
|---|---|---|---|
| Dividend | $0.62 | $0.62 | $0.09 |
Dividend yield | 1.56% | 1.92% | 0.37% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Enhanced Emerging Markets ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.25 | $0.00 | $0.33 | |||||
| 2025 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.25 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.14 | $0.62 |
| 2024 | $0.09 | $0.09 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Fidelity Enhanced Emerging Markets ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Fidelity Enhanced Emerging Markets ETF was 15.58%, occurring on Apr 8, 2025. Recovery took 18 trading sessions.
The current Fidelity Enhanced Emerging Markets ETF drawdown is 11.03%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-15.58%Apr 2025 | 21d | 27d | 1mo 18dMar 2025 - May 2025 | 2025 selloff2025 |
-15.48%Jul 2026 | 1mo 6d | — | 1mo 10dJun 2026 - now | — |
-14.47%Mar 2026 | 1mo 2d | 18d | 1mo 20dFeb 2026 - Apr 2026 | — |
-9.08%Jun 2026 | 7d | 8d | 15dJun 2026 - Jun 2026 | — |
-7.27%Jan 2025 | 1mo 4d | 1mo 1d | 2mo 5dDec 2024 - Feb 2025 | — |
Drawdown Indicators
| FEMR | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.58% | -56.78% | +41.20% |
Max Drawdown (1Y)Largest decline over 1 year | -15.48% | -9.10% | -6.38% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -11.03% | -1.58% | -9.45% |
Average DrawdownAverage peak-to-trough decline | -2.80% | -10.70% | +7.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.87% | 2.14% | +2.73% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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